Written answers
Wednesday, 26 March 2014
Department of Finance
Tax Collection
Sandra McLellan (Cork East, Sinn Fein)
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51. To ask the Minister for Finance the reason a person (details supplied) is liable for more tax after already paying €4,964 from a €20,000 life assurance policy; and if he will make a statement on the matter. [14316/14]
Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that the additional tax due is based on information supplied to date by the person's tax agent. Revenue have however contacted the tax agent, and it appears there may be some confusion to be resolved. Revenue is now seeking to clarify the issues involved, and will directly notify the taxpayer of the outcome.
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